Bank Negara Malaysia published an exposure draft proposing new rules on Interest Rate Risk in the Banking Book (IRRBB) for financial institutions. The proposal combines qualitative expectations for IRRBB management, a quantitative Standardised Framework for measuring and reporting IRRBB, and supervisory expectations for Pillar 2 capital allocation for IRRBB. The qualitative principles set out supervisory expectations for applying sound IRRBB risk management, with emphasis on effective identification, measurement, monitoring and control. The Bank is seeking written feedback on the proposed requirements, including specific issues, areas needing clarification or further elaboration, and alternative proposals; submissions received may be made public unless confidentiality is requested. Feedback is due by 30 January 2026.